HYPE is up about 2% in the past hour, yet short liquidations are more than 1,700 times higher—with almost no longs liquidated.
Price check: HYPE is around 80.38 on Binance (+2.017%) and around 80.38 on OKX (+1.919%). Over the past hour, about $88,000 in shorts were liquidated, compared with just about $49 in longs—a ratio of roughly 1,786 to 1. Open interest: about $346 million on Binance, $101 million on OKX, and $240 million on Bybit.
Prices are pushing higher, yet shorts are getting wiped out in droves—a 1,700-to-1 imbalance is hard to explain as an ordinary pullback.
More than 1,700x as many shorts liquidated as longs—did shorts get their timing wrong, or did the rebound wipe out leveraged shorts all at once?
View in real time: https://www.coinboss.com/currencies/HYPE